Challenging economics conditions continued to persist as activity recorded its fifth consecutive contraction in the final quarter of the year. GDP declined by 0.9% when compared to Q4 2012 and by 2.8% year-on-year. According to the Italian National Institute of Statistics (ISTAT), retail sales fell by 4.8% in February when compared to the same period in 2012, fuelled by broad-based decreases across all retail segments. Food and non-food sales declined by 4.0% and 5.3%, respectively, while both large and small operators saw sales fall over the period.
Source : Cushman & Wakefield